At present, the Metaverse is still in its infancy; but there is a spark of interest in the market after Mark Zuckerberg’s repeated statements or declarations of building a virtual world is his company’s (Facebook) next big ambition. He has even rightfully coined, Metaverse is ‘the next generation of the internet’. Adding to this, even Andrew Bosworth, the VP of AR/VR at Facebook, has also emphasized that the Metaverse will help to “build the connective tissue” between various devices and physical activities.

Metaverse’s through BaaS (Blockchain as a service): In the virtual world, trust technology is emerging as an important issue, and what better way of using blockchain as one of these trust technologies for individuals or businesses with any transaction or asset management needs. Blockchain provides an immutable distributed database of digital assets. This ultimately lays the platform for TRUST, TRANSPARENCY and TRACEABILITY for all valued partners of any supply chain. Blockchain’s ability to create easy-to-identify information chains that cannot be manipulated makes it the perfect complementary solution to numerous systems in Industry 4.0. BaaS ultimately can drive cost-saving efficiencies and enhance the consumer experience through traceability, transparency, and tradeable.